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Author | Topic: The Trump Presidency | |||||||||||||||||||||||||||||||||||||||||||
PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
Bloomberg reports on the mess, over a massively subsidised factory that looks like never coming close to the original promises. And of course the deal was Trumpeted to the skies....
At least parts of the deal are dependent on Foxconn living up to it. But that seems to be the only good thing about it. At the time of Trump’s visit
The Wisconsin plant was only handling the last steps of assembly, and some TV displays were still labeled “Made in Mexico.” Pay at the factory started at about $14 an hour with no benefits, much less than the $23 average Foxconn promised.
Under the terms Walker negotiated, each job at the Mount Pleasant factory is projected to cost the state at least $219,000 in tax breaks and other incentives. The good or extra-bad news, depending on your perspective, is that there probably won’t be 13,000 of them.
(Walker being the Republican Governor of Wisconsin - since ousted) Walker should have been more careful:
Foxconn has a history of overpromising and underdelivering on major deals. In Brazil in 2011 and India in 2015, it pledged to invest billions of dollars and create tens of thousands of jobs after Gou courted each country’s leaders, but each project fell far short. In 2013, Foxconn said it would invest $30 million and employ as many as 500 people at a Pennsylvania factory that also never fully materialized.
A report from the Wisconsin Legislative Fiscal Bureau, a nonpartisan government agency, estimated the state would be in the red on the deal until at least 2042, and even that projection didn’t account for the kinds of increased public-services costs associated with population growth. It also based income tax revenue projections on the implausible assumption that every employee would live in Wisconsin, whereas some would almost certainly commute from nearby Illinois
On Jan. 18, Foxconn announced that at the end of 2018 it had 178 full-time employees in Wisconsin, missing its maximum first-year hiring target by 82 percent and costing it that year’s tax credits.
Lots more in the article.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
Trump officials tried to fast-track nuclear tech transfer to Saudi Arabia
Members of Trump’s Transition Team tried to push a deal to sell nuclear technology to Saudi Arabia - even though it would almost certainly be illegal (Saudi Arabia would have to sign an agreement not to use the technology to produce weapons-grade material - and they have refused to do so in the past and showed no sign of changing their minds) Flynn was up to his neck in it - having signed on with the company behind the scheme before he was invited into the Transition Team. It hasn’t happened - yet - but it looks as if the deal is still not dead.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3
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Getting visas to visit the U.S. is harder than ever.
Adi Shamir was unable to get a visa to particpate at the RSA conference - a major event in the computer security calendar, which has been running since 1991 To appreciate just how bad this is, you have to know that the ”S’ in “RSA” stands for “Shamir”
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
According to the BBC, it’s with the Department of Justice. It should make U.S. politics more interesting.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3
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Wikileaks was involved in the Russian support for Trump.
We can’t expect Trump to show gratitude - but it is possible that Assange knows something that Trump wants kept under wraps. Personally I hope Assange goes to Sweden to face the charges there.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
quote: They dropped the investigation, but the Swedish statute of limitations doesn’t run out until August next year. There are calls to reinstate the charges and I hope they do.
BBC I’d like him to be extradited to Sweden because it makes him safer from being sent to the U.S. - despite what he says. And because the Swedish charges were what he was really running from.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
Trump’s understanding of history seems to be a little weak.
He boasted how the Continental Army took over the airports in the American Revolution. And it wasn’t the only historical gaffe.
BBC His excuse was that his teleprompter wasn’t working, and the rain made it hard to read when it was. Which only means he can’t blame his speech writers.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3
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quote:That is exactly what Trump and his supporters have been doing. Glad you spotted it.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
Yes, a bomb’ meant to destroy the truth.
That’s why Trump attacked Mueller beforeMueller’s appearance before Congress.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
The interesting thing is that Greenland is becoming valuable because of global warming - which Trump denies. It’s easy to see this as an admission that he knows that global warming is real.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
Since Denmark refuses to sell Greenland, he’s cancelled a meeting with the Danish PM. So, America’s reputation sinks another notch.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
The BBC also has the story.
They link to documents hosted on Politico Also alleged
...certain military personnel have been offered "cut-price rooms" and free rounds of golf at the Trump Turnberry resort.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
BBC
Surprise, surprise there are differing stories about his exit. There were disagreements with Trump so it isn’t surprising. One o& the things Bolton opposed was Trump’s negotiations with the Taliban - that Trump abruptly cancelled.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3
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In another dictatorial move Trump has revoked - he says - California’s waiver, allowing the State to set it’s own standard on vehicle emissions.
Four big car manufacturers don’t want it - and Trump has set the DoJ on them for wanting to produce more efficient cars. Whether Trump actually has the power to do this will be tested in the courts.
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PaulK Member Posts: 17827 Joined: Member Rating: 2.3 |
He’s threatened to destroy the Turkish economy if they do anything. Whether Erdogan will take that seriously is another matter.
There’s enough criticism from the GOP that it might make a difference if Impeachment goes through. I doubt that it would be enough to get a conviction, but enough to be embarrassing. Trump was also handed another defeat in court - being President doesn’t put him beyond investigation so his tax returns may not be secret much longer.
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